Facebook stock outlook weekly june 11-15 2012

Facebook stock outlook next week june 11-15 2012 ; Facebook (NASDAQ:FB) faced another rough day in the markets. Its shares dropped 82 cents per share (almost 3%) to close at $26.90. Earlier in the day, Bernstein Research analyst Carlos Kirjner initiated coverage on the stock and gave it an “Underperform” rating, or the equivalent of sell with a $25 price target, reported MarketWatch. Kirjner wrote in his research note that Facebook is about to face several issues that could affect its revenue growth.

Facebook (NASDAQ:FB) underwent another down day on Tuesday with a 3.83 percent decline to $25.87. Not helping matters was a new Reuters/Ipsos poll that disclosed a declining interest in the social networking site and only a minority of users letting ads and comments affect their purchasing decisions.

Facebook (NASDAQ:FB) announced Thursday it plans to launch an app center for its mobile platform that would allow users to get personalized app recommendations on their smartphones. The app store will let users download Facebook-integrated apps for both Apple’s (NASDAQ:AAPL) iOS and Google’s (NASDAQ:GOOG) Android devices, including popular apps like Instagram, Pinterest, and Draw Something.
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